47. The entry in the books of a government agency with foreign service post to record the receipt of disbursement authority called the Cash Disbursement Ceiling (CDC) includesDebit to Cash-Modified Disbursement System (MDS)Credit to Subsidy from National GovernmentCredit to Cash-Constructive Income RemittanceDebit to Subsidy from National Government

Cash disbursement ceiling is a form of disbursement authority which is issued by DBM to agencies.

Answered: 47. The entry in the books of a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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47. The entry in the books of a government agency with foreign service post to record the receipt of disbursement authority called the Cash Disbursement Ceiling (CDC) includes

1. Debit to Cash-Modified Disbursement System (MDS)
2. Credit to Subsidy from National Government
3. Credit to Cash-Constructive Income Remittance
4. Debit to Subsidy from National Government

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